Jim Cramer recently discussed NIKE, Inc. (NYSE:NKE) in relation to their quarterly earnings report. The results exceeded analyst estimates with revenue reaching $11.72 billion and earnings per share at $0.49. Cramer praised the CEO and China business performance, predicting the stock could reach $100.
Cramer also mentioned ONON as a competitor, praising their relationship with wholesalers and the move to bring back affiliates like Foot Locker and DICK’S. He expressed concern about inventory levels in China, but commended Elliott Hill for his leadership and knowledge of the industry.
Read more at Yahoo Finance: Jim Cramer Says His Trust Is Buying NIKE (NKE) Stock
